SMM March 10 News,
March 10 News: The SMM high-grade NPI market sentiment factor was 2.22, up 0.02 MoM; the high-grade NPI upstream sentiment factor was 2.89, down 0.01 MoM; and the high-grade NPI downstream sentiment factor was 1.56, up 0.06 MoM. Supply side, as mainstream steel mills released tender prices, some upstream players shipped cargoes on fears of price declines, but most smelters still maintained their previous quotations. Demand side, a large number of steel mills inquired in line with the tender prices, and there were a small number of low-priced deals in the market, pulling down the center. Overall, the market was briefly under pressure, but cost support did not weaken significantly.
![[NPI Daily Review] Market Procurement and Sales Activity Recovered, and High-Grade NPI Prices Still Had Upside Room](https://imgqn.smm.cn/usercenter/UpZsx20251217171731.jpeg)
![[SMM Daily Review of Nickel Intermediate Products] On March 11, Nickel Prices for MHP and High-Grade Nickel Matte Rose](https://imgqn.smm.cn/usercenter/GmHLU20251217171733.jpg)
![[SMM Nickel Midday Review] Nickel Prices Edged Down Slightly on March 11, Trump Said Negotiations with Iran May Be Possible Under Certain Conditions](https://imgqn.smm.cn/usercenter/yaAtG20251217171733.jpg)
